Tagged: china

January 4, 2022 @ 5:52 pm By JD Alois  |  

The People’s Bank of China has commented on the country’s “Fintech Development Plan” (2022 to 2025). The PBC states that the plan is formulated in accordance with the “Fourteenth Five-Year Plan for National Economic and Social Development of the People’s Republic of China and the… Read More

January 3, 2022 @ 10:59 am By Omar Faridi  |  

James Butterfill, Investment Strategist at London-based CoinShares, a digital asset manager focused on expanding access to the cryptocurrency ecosystem while serving as a “trusted partner” for its clients, notes that advances in quantum computing are “stoking fears” that Bitcoin’s wallet structure is “vulnerable to exploits,… Read More

January 2, 2022 @ 3:43 pm By Omar Faridi  |  

Bitcoin (BTC) ended 2021 at an average price of $47,400, as Ray Dalio noted that BTC has “proven itself.” Meanwhile, MicroStrategy (Nasdaq: MSTR) continued to acquire more of the leading cryptocurrency to strengthen its corporate treasury, the team at Blockstream noted in a recent market… Read More

December 30, 2021 @ 11:07 am By Omar Faridi  |  

Zhikai Chen, Head of Asia Equities at BNP Paribas Asset Management, notes that a number of factors justify their hopes for “a better year after the challenges that 2021 brought to Asian equities, and northern Asian equities in particular.” Chen writes in a blog post… Read More

December 27, 2021 @ 9:13 am By Xu Gao  |  

State Administration for Market Regulation Establishes Competition Policy & Big Data Center On December 16th, the State Administration for Market Regulation held the founding meeting of its competition policy & big data center. As approved, the main responsibilities of the center are policy research on… Read More

December 26, 2021 @ 11:42 pm By Omar Faridi  |  

Qudian Inc. (NYSE: QD), a tech platform empowering the enhancement of the online consumer finance experience in China, announced that Min Luo, the firm’s founder, chairman and CEO, has informed the company that he plans to use personal funds to acquire up to $10 million of… Read More

December 24, 2021 @ 8:41 am By Omar Faridi  |  

Investment platform nr2, which gives firms and investors AI-enhanced insights into South Korea and China’s high-potential startups, has acquired capital for its ongoing expansion. nr2 has reportedly obtained funding from new investors including Lord Rothschild and Sir Simon Robey. The international investment platform will use… Read More

December 19, 2021 @ 2:40 pm By Xu Gao  |  

JD Cloud Sets Up a New Digital Economy Company with Scope of Business in Data Processing and Storage Support Services. As shown on enterprise information query platform Tianyancha.com, JD Cloud, the cloud computing brand of JD.com, has established a new digital economy Co., Ltd on… Read More

December 5, 2021 @ 1:22 pm By Xu Gao  |  

The Ministry of Industry and Information Technology Issues the “14th Five-Year Plan for Big Data industry development” On November 30th, the Ministry of Industry and Information Technology released the “14th Five-Year Plan for the Development of Big Data Industry” (hereinafter referred to as the Plan)…. Read More

November 29, 2021 @ 3:15 pm By Xu Gao  |  

Beijing Looks to Set Up Digital Asset Exchange in the Sub-Center Area On November 26th, the State Council released a circular on supporting Beijing’s sub-center in pursuing high-quality development. To achieve the goals of a green city, sponge city, and smart city, related authorities will… Read More

November 28, 2021 @ 12:06 pm By Omar Faridi  |  

China’s reserve bank confirmed on Friday (November 26, 2021) that it had accepted the application to launch a personal credit-scoring joint venture that is reportedly being backed by Alibaba‘s (NYSE: BABA) Fintech division Ant Group and various other companies. Qiantang Credit Rating Co Ltd will… Read More

November 26, 2021 @ 2:03 pm By Omar Faridi  |  

One of Asia’s most established supply chain finance tech solution providers, Linklogis, has announced that it has launched a branch office in Singapore. The new office aims to support Linklogis’ plans to open a virtual bank in Singapore in early 2022, by using the digital… Read More

November 21, 2021 @ 2:21 pm By Xu Gao  |  

Cyberspace Administration of China Plans to Introduce Category-based Data Protection System On November 14th, the Cyberspace Administration of China released the “Internet Data Security Administrative Regulations” for public consultation. The regulations call for the establishment of a category and grade-based data protection system which divides… Read More

November 13, 2021 @ 7:15 pm By Xu Gao  |  

People’s Bank of China Launches New Support Policy for Carbon Reduction  On November 8th, the People’s Bank of China launched a new policy tool to support efforts of carbon reduction in China. The PBC will use this monetary policy instrument to provide low-cost funding for… Read More

November 7, 2021 @ 1:38 pm By Xu Gao  |  

Personal Information Protection Law Goes Into effect on November 1st On November 1st, the Personal Information Protection Law of the People’s Republic of China came into effect. According to the law, activities such as collection, processing, and trading of personal information will be strictly monitored,… Read More

October 31, 2021 @ 6:37 pm By Xu Gao  |  

“Banking Financial Institutions Joint Declaration for the Support for the Protection of Biodiversity” Released in Kunming On October 15th, 36 Chinese banks and 24 foreign banks and international organizations signed up for the “Banking Financial Institutions Joint Declaration for the Support for the Protection of… Read More

October 24, 2021 @ 3:39 pm By Xu Gao  |  

Enterprise Data Search Engine Arctic Data Completes 20-million -yuan Pre-A Round Financing Enterprise Data search engine Arctic Data has recently completed a 20-million-yuan pre-A round of financing. The investment was led by Vitalbridge, and participated by Plum Ventures and Incapital. Established in 2018, Arctic Data… Read More

October 21, 2021 @ 10:41 am By JD Alois  |  

The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China have solidified their relationship in a memorandum of understanding (MOU) that seeks to combine innovation and supervision regarding Fintech. The MOU seeks to implement the “Guangdong-Hong Kong-Macao The Outline of the Development Plan… Read More

October 17, 2021 @ 12:11 pm By JD Alois  |  

2021 Suzhou Marathon Bonus will be Issued in the Form of Digital RMB On October 10th, the organizer of the 2021 Suzhou (Taihu Lake) Marathon announced at a press conference that the bonus for this year’s event will be granted in the form of digital… Read More

October 16, 2021 @ 10:46 am By Omar Faridi  |  

China’s public blockchain Nervos has announced that the “Force Bridge” is currently live on the mainnet. As noted in an update shared with CI, the Force Bridge is currently connected to Ethereum (ETH) via a cross-chain bridge and will be “connected to Cardano and other… Read More